Forex Broker Comparison 2020 by Pipbear

Forex Broker Comparison 2020 by Pipbear

As you probably know, I have accounts with 3 brokers: EasyMarkets, FXPro and XM. These 3 have the best conditions for my trading style and I can advise you switching to one of these brokers if you are not confident about your current broker.

Below you can find a comparison table of popular FX brokers. I have collected actual data from the official sites, added ForexPeaceArmy ratings, and other numbers that may help you to make the right choice. In this article I explain which criteria are most useful to compare brokers.

In this article I have explained important criteria to choose a trading company. Questions left? Email me at tony@pipbear.com

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BrokerMinimum to Open LiveCent accountECN accountTypical spreadAvg Rebate per lotQuote accuracyExecution typeMax leverageTrading PlatformEst SinceRegulationPamm accountsVPS serviceAssetsMobile TradingEAs/RobotsMinimum trade sizeIslamic account
My Choice $251.8$75IE/ME1:400easyMarkets Platform, easyMarkets Trading App, MetaTrader42001CySEC, MiFID, ASICFOREX, CFDS, Vanilla Options, Bitcoin, Ripple, Ethereum0.01Open account
My Choice $1001.7$4.395IE/ME1:500MT4, MT5, cTrader, Web2006SCB, CySECFOREX, Cryptocurrencies, Metals, Energies, Indices, Shares, Commodities0.01Open account
My Choice $51.7$8.005ME1:888MT4, MT5, Web2009CySEC, ASIC, IFSCFOREX, CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs0.01Open account
$502$0.004ME1:400eToro webTrader, etoro Openbook, eToro Mobile Trader2007NFA, CySEC, ASIC, CFTC, MiFID, FCAFOREX, Bitcoin0.1Open account
$11.1$1.605IE/ME1:2000MT4, MT52008CySEC, FCAFOREX, Cryptocurrencies, Metals, Energies, Indices0.01Open account
$500.7$75IE/ME1:400MT4, NinjaTrader, FXCM Trading StationASIC, AFSL, FSCA, FCAFOREX, Stock basket, Indices and Commodities0.01Open account
$13$17.004IE1:1000MT42007BVI FSCFOREX, Cryptocurrencies, Metals, Energies, Shares, Commodities0.01Open account
$101.8$10.405IE1:500MT42011-FOREX, Metals, Shares0.0001Open account
$1001.6$12.005IE/ME1:1000MT4, xStation2007FCFOREX, Cryptocurrencies, Metals, Shares, Indices, Commodities, Bonds0.01Open account
$11.1$8.005ME1:3000MT42009IFSCFOREX, Metals, Oil, DAX0.01Open account
$12$7.805IE/ME1:1000MT42007BVI FSCFOREX, Metals, Shares0.01Open account
$502$12.005ME1:500MT4, MT52005-FOREX, Cryptocurrencies, Metals, Oil, Shares0.01Open account
$251.6$12.005ME1:1000MT4, MT52006-FOREX, Metals, Commodities, Indices0.01Open account
$12$10.405IE/ME1:500MT42015CySECFOREX, Metals, Shares, Cryptocurrencies0.01Open account
$11.7$1.925ME1:2000MT42004-Forex, Cryptocurrencies, Metals, Energies, Shares, Indices0.01Open account
$102$4.805IE/ME1:1000MT42008VFSCFOREX, Metals, Indices, Cryptocurrencies0.01Open account
$101.4$5.205ME1:1000MT4, MT5, Web, cTrader2009IFSC, CySECFOREX, Crypto, Metals0.01Open account
$1000.6$8.005ME1:300MT42010VFSC, CySEC, FCAFOREX, Metals, Oil, Indicies0.01Open account
$1001.8$8.005ME1:400MT4, Blackwell Trader Pro2010FCAFOREX, Metals, Oil, Indices0.01Open account
$52$4.005IE/ME1:1000MT4, Web2010-FOREX, Cryptocurrencies, Metals, Oil, Shares, Indices0.01Open account
$11.9$2.395ME1:500MT4, MT52010MFSAFOREX, Cryptocurrencies, Metals, Energies, Indices0.01Open account
$1,0001.6$4.005ME1:500MT4, Web2011VFSC, CySECFOREX, Cryptocurrencies, Metals, Energies, Indices, Shares0.01Open account
$11$8.005ME1:3000MT42012-FOREX, Metals, Indices, Oil, Shares, Cryptocurrencies0.01Open account
$1001.8$8.005ME1:500MT42014FSA, FCAFOREX, Cryptocurrencies, Metals0.01Open account
$11.6$8.005ME1:500MT42013FCAFOREX, Metals, Oil, Indices, Cryptocurrencies0.01Open account
$51.2$6.405ME1:1000MT4, Web2010-FOREX, Cryptocurrencies, Metals, Indices, Commodities, Shares0.01Open account
$101.2$3.205IE/ME1:1000MT41996FSAForex, Metals, Energies0.01Open account
$5001.9$5.605ME1:500MT4, Web2010CySEC, MFSCFOREX, Metals, Futures, Indices, Commodities0.01Open account
$2001.3$1.605ME1:500MT4, MT52009ASICFOREX, Cryptocurrencies, Metals, Indices, Commodities0.01Open account
$15,0001.5$4.005ME1:400MT42006ASICFOREX, Metals, Oil, Indices0.01Open account
$1,0001.8$4.005ME1:200MT4, MT5, Java, Integral, Web2000FINMAFOREX, Metals, Energies, Indices0.01Open account
$12$1.325ME1:1000MT4, MT5, cTrader1998BVI FSCFOREX, Metals0.01Open account
$1001.2$4.005ME1:500MT4, MT52005ASIC, CySECFOREX, Cryptocurrencies, Metals, Oil, Indices, Equities, Commodities0.01Open account
$102.4$4.005IE/ME1:1000MT4, MT52012FSC, CySECFOREX, Cryptocurrencies, Metals, Shares, Futures, Indices, Commodities, ETF0.01Open account
$2001.1$4.005ME1:500MT4, MT5, cTrader2007Seychelles FSA, ASICFOREX, Cryptocurrencies, Metals, Oil, Indices0.01Open account
$3001.4$4.005ME1:500MT42013FSAFOREX, Metals, Energies, Indices0.01Open account
$1001.2$4.005ME1:1000MT4, Web2013-FOREX, Metals, Energies, Shares, Indices0.01Open account
$11.4$4.005ME1:500MT4, Trade Interceptor, Web2010ASIC, FCAFOREX, Metals, Oil, Indices0.01Open account
$1001.3$3.645ME1:30AvaTradeGO, MT4, MT52006CBI, ASIC, FSA, FSBFOREX, Cryptocurrencies, Metals, Energies, Indicies, Shares, Bonds, ETFs, Bitcoin0.01Open account
$3000.3$3.205ME1:500MT4, ZTP2019-FOREX, Cryptocurrencies, Metals, Oil, Indices0.01Open account
$11.1$3.205ME1:500MT42007ASIC, FCA, DFSAFOREX, Cryptocurrencies, Metals, Oil, Indices0.01Open account
$1001.2$3.205ME1:500MT4, Web2016ASICFOREX, Metals, Oil, Indices0.01Open account
$2001.2$3.205ME1:500MT4, MT5, Web2006ASICFOREX, Metals, Indices, Commodities, Cryptocurrencies0.01Open account
$2001.2$3.205ME1:500MT4, MT5, Web, cTrader2010ASIC, FCAFOREX, Cryptocurrencies, Metals0.01Open account
$10.9$3.005IE/ME1:500MT42005FCFOREX, Metals, Indices, Energies0.01Open account
$1000.6$1.685ME1:500MT4, MT52001ASIC, FCAFOREX, Cryptocurrencies, Metals, Energies, Shares, Indices, Bonds0.01Open account
$2500.8$1.285ME1:400MT4, MT5, ActivTrader2001FCAFOREX, Metals, Indices, Commodities, Shares0.01Open account
$1000.3$0.005ME1:30MT4, JFOREX 31998FINMAFOREX, Metals, Indices, Shares, Bonds, Energies, ETF, Cryptocurrencies0.01Open account
$12.0$0.005ME1:50OANDA fxTrade, OANDA fxTrade on MetaTrader 4, fxTrade Mobile , fxTrade API1996CFTC, NFA, FSA, IIROC, MASFOREX, Metals, Gold0.00001Open account
$1003$0.005IE1:200MarketTrader 4/5, WebTrader, Mobile Trader, AutoTrader2009CySEC, FSCLFOREX, Stocks0.01Open account
$11.5$0.005ME1:200Web platform, mobile and tablet apps1989Financial Conduct Authority (FCA)Forex, Stocks, Bonds, Commodities, ETFs0.01Open account
$1001.5$0.005IE/ME1:200MT4, MT51977CySEC, FCA, MiFID, DFSA, SFCFOREX, Oil/Gas, Commodities, Stocks, Indexes, Bitcoin, Ethereum, Litecoin0.02Open account
$101$0.005IE1:500MetaTrader 4, MetaTrader 5, Web-trader, Grand Trade mobile app2006Financial Commission, SerenityFOREX, CFD on shares, metals, indices, Bitcoin, cryptocurrencies0.1Open account
$100.5$0.004IE1:500Metatrader 42010MFEM (Vanuatu)Metals, CFDs, 64 currency pairs, over 140 financial instruments available0.01Open account
$50.5$0.005IE1:1000MetaTrader 4, MetaTrader 51998FSC MauritiusGold, Silver, Bitcoin0.01Open account
$12$0.004IE1:3000MetaTrader4 desktop/mobile, WebTrader2011IFSAFOREX0.01Open account
$1003.5$0.004IE1:400Meta Trader 41996CySECFOREX0.01Open account
$13$0.004IE1:700Meta Trader 41995NFA, CFTC, ASIC, FSA(UK), MASFOREX0.01Open account
$1003.5$0.005IE1:1000MT4, Webtrader, PMAM, Multiterminal2010FCA, ASIC, FSCA, CySECForex, Spot Metals, CFDs on commodities, indices and shares, futures, cryptocurrencies0.01Open account
$5004$0.005IE1:200MetaTrader42007CySECFOREX0.01Open account
$5002.5$0.005IE1:400MetaTrader 4 , Gwazy, AMO1988CySec, FCA, ACPR, BaFin, MiFIDFOREX, Spot Precious Metals, CFD Indices, CFD Bonds, CFD Commodities0.01Open account